5338 Smiley Drive, Los Angeles, CA 90016
Local realty services provided by:CENTURY 21 Sierra Properties
5338 Smiley Drive,Los Angeles, CA 90016
$5,950,000
- 0.55 Acres
- Lots / Land
- Active
Listed by: ari wintraub
Office: sotheby's international realty
MLS#:CL25513931
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$5,950,000
About this home
Fully entitled, Ready-to-Issue (RTI) Small Lot Development site in the heart of West Adams, approved for 16 single-family homes across approximately 24,000 SF on five standard lots. Plans call for large, ~2,500 SF architecturally designed homes featuring rooftop decks and modern elevations. The project offers a major head start, with RTI delivery allowing for immediate construction start, and the DWP Tract design process already underway, enabling the buyer to install underground power improvements before vertical construction begins, as advantage that typically saves 12+ months and helps avoid costly Certificate of Occupancy delays later in development. Distinct from traditional multifamily projects, this opportunity combines the efficiency and scale of multifamily construction with the flexibility and upside of individual for-sale homes and smart strategy in today's economic and political climate where rental markets face headwinds. Located within a designated Opportunity Zone, the project allows long-term investors to capture significant tax benefits, while benefiting from the ongoing growth and revitalization of West Adams, one of Los Angeles' fastest-emerging creative corridors. Surrounded by popular neighborhood amenities such as Mizlala, MIAN, Farmhouse Kitchen, Tartine, Whole Foods, and the just opened Maydan Market. Moments away from the La Cienega/Jefferson Expo Line station, the site is ideal for transit-oriented, market-rate development, with neighboring homes selling in the mid 1M's. The property carries no low-income housing requirements, offering maximum flexibility for both short- and long-term exit strategies. Includes these three additional parcels: 5043-016-002, 5043-016-003, and 5043-016-005....
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Home facts
- Listing ID #:CL25513931
- Added:346 day(s) ago
- Updated:March 15, 2026 at 01:13 AM
Structure and exterior
- Lot area:0.55 Acres
- Architectural Style:Unimproved Land
Finances and disclosures
- Price:$5,950,000
Bay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at March 15, 2026New listings near 5338 Smiley Drive
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